Industry

By Teddy Nwanunobi The Federal Government said investors must meet seven criteria to access the N250 billion intervention fund for gas value chain businesses. They are: technical feasibility, overall business plan and skills, and…
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By Teddy Nwanunobi TotalEnergies have expressed concern over rising cost of Jet A1 or aviation fuel, which is affecting the operations of airlines in the country. Airlines, among other challenges, are experiencing overhead cost,…
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...World’s largest fossil fuel producer to pump out more oil as scientists warn of ‘cod red’ for humanity unless climate crisis is halted <img…
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Minister of Petroleum, Timipre Sylva.Minister of Petroleum Resources, Chief Timipre Sylva, says the oil and gas sector accounts for about 10 per cent of Nigeria’s Gross Domestic Product (GDP). Sylva added that crude oil exports…
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*Oil marketers to get N236bn The Nigerian National Petroleum Corporation (NNPC) has said 1.67 billion litres of Premium Motor Spirit (PMS) or petrol was consumed in April which is around 55.79 million litres daily consumption rate. …
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The proposal by NNPC to take 20% equity stake in the Dangote Refinery is a move in the right direction. The reality is that the Dangote refinery is a project of significant, and strategic national importance, even though it is promoted…
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Nigeria has a great opportunity to take advantage of gas in transiting to cleaner sources of energy with its over 200 trillion cubic feet proven gas reserves, Mr Olatunji Akinwunmi, chairman, Society of Petroleum Engineers Nigeria…
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Strong indications have emerged that refinery licensees in the country are wary of making further investments in the refining of premium motor spirit (PMS) popularly known as petrol in the wake of the 650,000 barrels per day…
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The Rivers State Government has assured investors of the safety of the $10 billion Train-7 project of the Nigeria Liquefied Natural Gas Limited, saying the successful commencement was enough proof that the state was safe contrary…
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The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦43.57bn in April 2021 representing a 23.64% increase over the ₦35.24bn surplus it recorded in the previous month of March 2021. This is contained…
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